The US Bureau of Labor Statistics released its Job Openings & Labor Turnover Survey (JOLTS) data July which revealed 7.67 million job openings in the month, ...
The US Bureau of Labor Statistics released its Job Openings & Labor Turnover Survey data July which revealed 7.67 million job openings in the month, lower than the estimated 8.1 million. This marks the lowest level since January 2021.break down the latest jobs data and what it is signaling for the labor market ahead of the August jobs report due out Friday.
It's a definite on 25 May on 50 at this juncture and that's what markets are trying to get ahead of as of right now.But at the same time, it's essentially what fed chair, Jerome Powell has telegraphed because of that Jackson Hole meeting and the tenor that we heard come from the fed chair himself. So there would need to be at least one of those 50 basis points cuts that take place between now and then as well.
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